US STOCKS-Futures rise after selloff with earnings in focus

Redacción de Reuters

2 MIN. DE LECTURA

* Michael Kors shares rise as revenue soars

* Diamond Offshore weighs on Loews earnings

* Futures up: Dow 51 pts, S&P 7 pts, Nasdaq 14 pts

NEW YORK, Aug 4 (Reuters) - U.S. stock index futures bounced back on Monday following the largest weekly decline on the S&P 500 since 2012, as a scant U.S. economic calendar kept the focus on earnings and Portugal was poised to bail out its largest publicly traded bank.

* Portugal will spend 4.9 billion euros ($6.58 billion) to rescue Banco Espirito Santo, its largest listed lender, testing the euro zone’s resilience to another banking crisis just months after Lisbon exited an international bailout.

* Diamond was also downgraded and its price target was cut by Deutsche Bank, alongside similar bearish calls on Ocean Rig , Seadrill, Rowan Cos and others in the sector. (Reporting by Rodrigo Campos; Editing by Bernadette Baum)